Fortress Wealth Group LLC Makes New $423,000 Investment in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Fortress Wealth Group LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,672 shares of the company’s stock, valued at approximately $423,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JEPQ. Financial Architects Inc boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 141.6% in the 2nd quarter. Financial Architects Inc now owns 159,819 shares of the company’s stock valued at $7,730,000 after buying an additional 93,682 shares in the last quarter. Rain Capital Management LLC boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 9.9% in the 2nd quarter. Rain Capital Management LLC now owns 28,220 shares of the company’s stock valued at $1,365,000 after buying an additional 2,533 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at $487,000. Lido Advisors LLC boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.3% in the 2nd quarter. Lido Advisors LLC now owns 16,194 shares of the company’s stock valued at $783,000 after buying an additional 959 shares in the last quarter. Finally, Coastal Investment Advisors Inc. boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 11.4% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 21,002 shares of the company’s stock valued at $1,016,000 after buying an additional 2,154 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock remained flat at $48.87 during trading hours on Wednesday. 442,165 shares of the stock traded hands, compared to its average volume of 1,636,784. The company’s fifty day moving average price is $47.32 and its 200-day moving average price is $47.52. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $40.03 and a fifty-two week high of $49.48. The firm has a market cap of $6.52 billion, a P/E ratio of 23.03 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, October 5th. Investors of record on Tuesday, October 3rd were issued a dividend of $0.4172 per share. The ex-dividend date of this dividend was Monday, October 2nd.

About JPMorgan Nasdaq Equity Premium Income ETF

The J.P. Morgan Nasdaq Equity Premium Income ETF (JEPQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund of US large-cap companies from the Nasdaq-100 Index, assessed and managed using ESG factors and a proprietary data science driven investment approach.